Proceeding of the International Conference on Family Business and Entrepreneurship (ICFBF)
International Conference on Family Business & Entrepreneurship (ICFBE) is a scientific international conference driven by the livelong aspiration of President University as a center of excellence, especially in the field of family business and entrepreneurship. The conference is organized by the Faculty of Business at President University with the aim of gathering researchers and practitioners to critically share and discuss the latest empirical, conceptual, as well as theoretical findings and trends in a demanding topic. The ICFBE has been held six times from 2017 to 2022. It has succeeded in bringing together researchers and practitioners from various countries over the past five years. The papers presented at ICFBE have been published in various scientific publication outlets both on a national scale in Indonesia and international wide. This website presents the online proceeding of the ICFBE. All papers published in this proceeding have gone through a rigorous peer-review process and scientific principles.
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Women in tech entrepreneurship research - literature review
Fadhilah Fadhilah;
Fandya Rasmita Diniswara;
Mareta Putri Hasyatamma;
Nafisa Nurfadila
Proceeding of the International Conference on Family Business and Entrepreneurship 2022: Proceeding of the 5th International Conference on Family Business and Entrepreneurship
Publisher : President University
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DOI: 10.33021/icfbe.v2i1.3519
In this era, women have become important players in the field of business and entrepreneurship. Technology provides opportunities for women to expand their social networks by creating new opportunities for businesses where entrepreneurial barriers can be overcome by adopting technology, particularly in developing countries. The more research and publication on women entrepreneurship with 24 journal selected from 68 journal available, this makes researchers feel the need to study to find out how and the extent of the development of women entrepreneurs in the field of technology. The data collection in this study was taken from Scopus web by entering the keywords that the author used to get the desired amount of publication and information. This study uses bibliometric analysis method conducted using co-authorship and co-citation analysis with the help of VOSviewer software. This study will also mention which developing countries have published and researched on this topic as well as the extent of relationships between authors in each existing journal.
The study of Tokopedia re-purchase intention during Covid-19 pandemic
Putri Permata Sari;
Filda Rahmiati
Proceeding of the International Conference on Family Business and Entrepreneurship 2022: Proceeding of the 5th International Conference on Family Business and Entrepreneurship
Publisher : President University
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DOI: 10.33021/icfbe.v2i1.3539
This study aims to determine the impulsive behaviour using a brand image, brand ambassadors, service quality, and customer satisfaction on Tokopedia re-purchase intention. In this study, a quantitative approach was used to collect data from an online questionnaire (Google Form) for the Tokopedia users who had made a transaction more than once. The online questionnaire was distributed via social media and received 145 valid responses, with PLS-SEM being used to analyze the hypothesis testing of this research. The result shows that brand image indirectly influences the re-purchase intention of Tokopedia mediated by impulsive behaviour. The brand ambassador also has an indirect influence on the re-purchase intention of Tokopedia mediated by customer satisfaction and impulsive behaviour, and service quality has a direct and indirect influence on the re-purchase intention of Tokopedia mediated by customer satisfaction. Furthermore, customer satisfaction and impulsive behaviour have a significant influence on the re-purchase intention of Tokopedia. Tokopedia must pay attention to factors interested in re-purchase intention, which means that Tokopedia should maintain service quality and customer satisfaction and improve customers' experience when customers make impulsive behaviour.
Internal and external factors affecting new product development performance
Vanya Cendana;
Anton Wachidin Widjaja
Proceeding of the International Conference on Family Business and Entrepreneurship 2022: Proceeding of the 5th International Conference on Family Business and Entrepreneurship
Publisher : President University
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DOI: 10.33021/icfbe.v2i1.3545
The Covid-19 pandemic is strengthening the power of digital disruption. Over the decades, there has been a lot of research focusing on the factors affecting performance of new product development (NPD). However, there are gaps and conflicting results regarding factors affecting new product development performance. This study aims to determine the effect of network externalities and company's strategic orientation mediated by dynamic marketing capability and network capability in Indonesia. Data collection is carried out by simple random sampling, with the population of operational and managerial levels engaged in new product development processes in various firms. 61 Respondents mostly come from Electronic and Fast-Moving Consumer Goods industry, as for the year of work are equally distributed from 2 to above 10 years. The data obtained is processed using the Partial Least Square Structural Equation Modelling (PLS-SEM) method. This method allows us getting measurement and structural model where we test the t-value of each relationship. The result shows a new perspective on Dynamic Marketing Capability and Network Capability. It also shows the need for balancing dimensions of Strategic Orientation. Lastly, Network Externalities is proven to influence the performance of New Product Development.
Fiscal management practices and school performance of Tesda Technology Institutions (TTIS) in Panay Island
Jonna Jay Gervero;
Evangeline Ybañez
Proceeding of the International Conference on Family Business and Entrepreneurship 2022: Proceeding of the 5th International Conference on Family Business and Entrepreneurship
Publisher : President University
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DOI: 10.33021/icfbe.v2i1.3550
Finance is the backbone of the educational system which challenges administrators’ leadership and capabilities, especially educational programs and projects involving greater responsibilities and liabilities. The study determined the level of fiscal management practices of TESDA Technology Institutions (TTIs) in financial literacy, financial planning, and transparency and degree of school performance and their relationship with faculty and staff. Descriptive-correlational and mixed methods were used with quantitative and qualitative data. A survey questionnaire and in-depth interview were used in data gathering. The respondents were two hundred eleven (211) faculty and staff of TESDA Technology Institutions in Panay Island. Frequency count, percentage and mean were used while t-test for independent samples, and Pearson r for relationship. Results on the level of fiscal management practices when taken as a whole and in terms of financial literacy, financial planning, and transparency was found “satisfactory”, with financial literacy having the highest mean. The degree of school performance in terms of quality service and student service efficiency was also “satisfactory”, with quality service having the highest mean. Significant differences existed when respondents were grouped according to sex and educational attainment. However, no significant differences occurred between the level of fiscal management practices and variables such as position, age, civil status, and length of service. No significant differences were found on the degree of school performance of TESDA Technology Institutions in terms of quality service and students service efficiency as to sex, position, age, civil status, and length of service, except on educational attainment. Significant relationships were found on the level of fiscal management practices and the degree of school performance of TESDA Technology Institutions.
Analysis of momentum strategy for generating abnormal return in the Indonesian Stock Exchange
Ida Bagus Teguh Cipta Maya Negara;
Buddi Wibowo
Proceeding of the International Conference on Family Business and Entrepreneurship 2022: Proceeding of the 5th International Conference on Family Business and Entrepreneurship
Publisher : President University
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DOI: 10.33021/icfbe.v2i1.3555
The testing of momentum strategies by previous research on the capital markets of developed and developing countries led to different results. This study aimed to explain the momentum Strategy for generating abnormal returns in the Indonesia Stock Exchange using several factors. The factors are market factor, size, book-to-market ratio, and momentum. This study implemented formation-holding 12-3 months, 12-6 months, 12-9 months and 12-12 months. This study using Capital Asset Pricing Model, Fama French Three Factor Model, and Carhart Four Factor Model to see the effect of these factors on the excess return. The result based observation from January 2009 until December 2019 showed that momentum Strategy is unable to generating abnormal return in the Indonesia Stock Exchange. However, this research shows that the winner's portfolio by using 12-3 Strategy is able to provide a significant abnormal return of 1.02% when tested using the Capital Asset Pricing Model. Furthermore, all four of these factors (market factor, size, book-to-market ratio, and momentum) have influence in generating abnormal return on winner portfolio of the momentum Strategy.
Solve dilemma of corporate sustainability: Research within Indonesian F&B companies
Evelyn Indriani;
Eka Pria Anas
Proceeding of the International Conference on Family Business and Entrepreneurship 2022: Proceeding of the 5th International Conference on Family Business and Entrepreneurship
Publisher : President University
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DOI: 10.33021/icfbe.v2i1.3560
Thrilled by changes in consumer behavior patterns and increased community awareness, Corporate Sustainability (CS) to minimize the environmental impact of business activities, is becoming an increasingly important discussion in Indonesia. However, CS is said to be resting on a dilemma between ethical obligations towards society versus economic duties of maximizing profits. As CS generates new stakeholder expectations towards the organization, company should take real action to solve dilemma. Research suggests that a company should have Strategic Communication (SC) that is built based on negotiation, understanding, and take into consideration “connections and responsibilities to a larger society” while launching CS. This SC will reinforce key proxy elements for successful CS and increased Corporate Performance (CP). Align with the Regulation of Indonesian Minister of Environment 75/2019, this research focused on the company's responsibility to manage plastic waste which includes reduction, collection, reuse, and recycling. The unit of analysis is F&B companies as one of the largest economic contributors in Indonesia but is also responsible for a variety of different environmental impacts. Quantitative data collection through online questionnaires processed with Partial Least Square (PLS) 3.0. The results show that even though company has made CS as one of the work programs, formed a division to handle CS, as well as awareness of changes in consumer behavior, they acknowledge the lack of SC. By proposing a set of conceptual principles that merge theory and practice, results expected to develop answers to the question: how best to communicate CS thereby contributing to the improvement of the CP?
Women empowerment through local wisdom as production differentiation strategy
Yeyen Komalasari;
Eka Putri Suryantari;
Tjokorda Bagus Putra Marhaendra
Proceeding of the International Conference on Family Business and Entrepreneurship 2022: Proceeding of the 5th International Conference on Family Business and Entrepreneurship
Publisher : President University
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DOI: 10.33021/icfbe.v2i1.3567
This article explores the application of production differentiation strategy by women empowerment through local wisdom of Nasi Koco in the herritage area, Gajah Mada Street, Denpasar-Bali. The purpose of this article is to increase the sales of Nasi Koco by implementing new strategies to win the competition in similar businesses that have sprung up. The strategy that can be offered is a product differentiation, so that the product is more varied and not monotonous, that attracts consumer interest. The product differentiation strategy offered refers more to women's empowerment through local wisdom, namely making products or food variations needed for ceremonies, where as we know people's lives in Bali are full of a series of religious ceremonies. The study employed qualitative approaches using narrative research by observation, interview, and documentation. The result of the study base on an in-depth interview with Balinese women who understand Balinese traditional culture, the advice that can be given is to make product variations, not just Nasi Jinggo or Nasi Wrap as usual, but to make it more varied. Suggested variations are Nasi Tumpeng, Nasi Yasa, and Nasi Kelangi, which are usually used for traditional activities in Bali.
The millennial employees in Central Jakarta: How do they commit to the company?
Erny Hutabarat;
Aziza Hasna
Proceeding of the International Conference on Family Business and Entrepreneurship 2022: Proceeding of the 5th International Conference on Family Business and Entrepreneurship
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DOI: 10.33021/icfbe.v2i1.3572
Generation Y, also known as Millennials, is a strong dominant in the workforce and becomes one of the key holders in the industry's success and economy. Unfortunately, the highest turnover rate is coming from this generation with their behavior of working short tenure and how fast they are changing jobs worries many organizations as this ceases the organization’s growth, productivity, and performance. This research aimed to determine the relationship between career development, compensation, and work environment on millennials' turnover intention. Quantitative method is conducted and surveyed with 172 Central Jakarta's millennial employees who had worked at least 1 year. Partial Least Square PLS-SEM, SPSS, and pre-survey interview analysis were used to analyze the data. The result showed that career development and compensation have a significant negative influence on turnover intention. However, work environment has not significant influence on millennials employees’ turnover intention in Central Jakarta.
Analysis of new agent spring rolls location to improve product sales
Khoirul Hidayat;
Elva Nafisa Nurwadhika;
M Fuad FM
Proceeding of the International Conference on Family Business and Entrepreneurship 2022: Proceeding of the 5th International Conference on Family Business and Entrepreneurship
Publisher : President University
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DOI: 10.33021/icfbe.v2i1.3598
The lumpia dowo industry is an industry that produces spring rolls with various flavors and has 26 agents. However, with the COVID-19 pandemic, sales have decreased, so it is necessary to research the strategy of selling dowo spring rolls. One approach that can be done is to add new agents. The method used in this research is Analytical Network Process because this method can determine the best alternative agent location by displaying the ranking priority order. The results of this study indicate that there are several clusters, namely market potential, accessibility, labor, marketing reach, trust. The new agent has three alternative locations, namely Lamongan, Jombang, Bojonegoro, and Malang. The analysis results show that Jombang is the first best alternative with a value of 1, Lamongan 0.600, Malang 0.474, and Bojonegoro 0.423. So that by establishing a new agent in Jombang City, you can increase the sales of spring rolls.
Optimizing digital online training satisfaction to grab digital online training business opportunity in the pandemic challenge
Afriansyah Yus Jazak;
Anton Wachidin Widjaja
Proceeding of the International Conference on Family Business and Entrepreneurship 2022: Proceeding of the 5th International Conference on Family Business and Entrepreneurship
Publisher : President University
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DOI: 10.33021/icfbe.v2i1.3515
Several researches concluded roles of training including increasing the efficiency and compatibility of staff with the environment and consequently, improving service quality. Create job satisfaction and reduce conflict and disobedience, reduce absenteeism rates, other unnecessary costs and accidents, help improve individual performance and organizational effectiveness, develop talent, improve staff morale, facilitate the achievement of organizational goals. In the new normal conditions triggered by the COVID-19 pandemic which has occurred for more than 1 year in Indonesia, this also has an impact on training and learning activities so that the company transfers all training activities that are normally done face-to-face in class, replaced with digital and online training. This research is designed to see the relationship between the dimensions of online training participant satisfaction with online training referrals by participant to recommend the training to other employees to get online training business opportunities. This research was conducted through two methods in stages. The first one uses the exploratory method and continues by using the descriptive method. As the result of this research there is a significant relationship between the Online Training Dimension and Participant Training Satisfaction and Referral Training optimized to get greater opportunities to answer online training needs for companies, especially during the pandemic. This study has limitations, namely, research is only carried out under the ongoing Covid 19 pandemic, and research is carried out on a population of online training participants who attend training with a typical method.